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Buying Gold And Silver

November 17, 2009 – Our nation is in the middle of its’ worst financial disaster since the Great Depression stripped America of her wealth in the 1930s, and our current troubling circumstances have helped to extend the upward trend in gold and silver. These metals were at 26-year lows a few years ago, and investors are now buying gold and silver as a back-up plan in case our recession worsens. There are ample options available for investors who desire physical precious metals, and these investors are encouraged to conduct diligent research before beginning their diversification.

Investors who are buying gold and silver for retirement account purposes are unable to take immediate delivery of their metals, because our government requires depository storage for gold and silver IRAs. These investors do own physical metals that are actually stored in a depository with the investor’s name on the box, but our government keeps tabs on the metals until mandatory withdraws begin. Our government feels a “need” to monitor the utilization of IRA funds, so they authorize Equity Institutional and GoldStar Trust to manage precious metal IRAs. IRA investors should place bullion inside their retirement account if they plan on a short-term hold, but longer-term investors generally do better financially with the American Eagle Proof. The gold and silver version of this coin is non-confiscatable if our government recalls bullion again, and the growth that is seen in the American Eagle coins has been outpaced by the Proof version.

Investors who understand that our dollar could collapse are advised to start buying gold and silver coins that have been certified by either the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC). Investors who see the United States emerging from its recessionary period may prefer gold and silver bullion, but it is vital to take physical delivery of your metals if you are investing away from retirement accounts. Whether you plan on a Proof, bullion, or certified coin purchase, first contact us directly for obligation-free assistance to ensure that you get the proper protection for your portfolio. 

Shannon King

Senior Staff Writer – GoldSilver.org

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